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Correction of Immaterial Errors (Tables)
 6 Months Ended
Jun. 30, 2015
Correction of Immaterial Errors [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The errors discussed above, adjusted for the related income tax expense impact, resulted in an understatement of net earnings of $0.1 million for the three-month period ended June 30, 2014 and an overstatement of net earnings of $1.4 million for the six-month period ended June 30, 2014, as detailed in the table below:
 
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
(In thousands, except per share data)
 
Previously Reported
 
Adjustment
 
As Revised
 
Previously Reported
 
Adjustment
 
As Revised
Rentals and fees
 
$
684,134

 
$
(2,385
)
 
$
681,749

 
$
1,378,302

 
$
(5,366
)
 
$
1,372,936

Installment sales
 
18,054

 
(283
)
 
17,771

 
36,410

 
(579
)
 
35,831

Franchise merchandise sales
 
5,963

 
(2,123
)
 
3,840

 
13,287

 
(4,119
)
 
9,168

Total revenues
 
773,217

 
(4,791
)
 
768,426

 
1,606,963

 
(10,064
)
 
1,596,899

Cost of rentals and fees
 
177,512

 
(2,912
)
 
174,600

 
355,382

 
(5,566
)
 
349,816

Cost of installment sales
 
6,358

 
(283
)
 
6,075

 
12,740

 
(579
)
 
12,161

Franchise cost of merchandise sold
 
5,737

 
(2,123
)
 
3,614

 
12,737

 
(4,119
)
 
8,618

Total cost of revenues
 
236,720

 
(5,318
)
 
231,402

 
507,589

 
(10,264
)
 
497,325

Gross profit
 
536,497

 
527

 
537,024

 
1,099,374

 
200

 
1,099,574

Store labor
 
222,083

 
186

 
222,269

 
447,761

 
446

 
448,207

Other store expenses
 
205,658

 
110

 
205,768

 
421,098

 
(172
)
 
420,926

Operating profit
 
40,159

 
231

 
40,390

 
99,922

 
(74
)
 
99,848

Finance charges from refinancing
 
—

 
—

 
—

 
1,946

 
2,267

 
4,213

Earnings before income taxes
 
28,608

 
231

 
28,839

 
75,260

 
(2,341
)
 
72,919

Income tax expense
 
11,075

 
83

 
11,158

 
28,870

 
(898
)
 
27,972

Net earnings
 
17,533

 
148

 
17,681

 
46,390

 
(1,443
)
 
44,947

Basic earnings per common share
 
$
0.33

 
$
—

 
$
0.33

 
$
0.88

 
$
(0.03
)
 
$
0.85

Diluted earnings per common share
 
$
0.33

 
$
—

 
$
0.33

 
$
0.87

 
$
(0.02
)
 
$
0.85

The errors discussed above also resulted in changes to previously reported amounts in our consolidated statements of cash flows. The previously reported changes in operating assets and liabilities in the reconciliation of net income to cash provided by operating activities have been revised as detailed in the table below. These errors had no impact on net cash provided by operating activities:
 
 
Six Months Ended June 30, 2014
(In thousands, except per share data)
 
Previously Reported
 
Adjustment
 
As Revised
Net earnings
 
$
46,390

 
$
(1,443
)
 
$
44,947

Depreciation of rental merchandise
 
339,773

 
(736
)
 
339,037

Finance charges from refinancing
 
1,946

 
(1,946
)
 
—

Deferred income taxes
 
(51,204
)
 
(897
)
 
(52,101
)
Rental merchandise
 
(313,324
)
 
11,603

 
(301,721
)
Receivables
 
(7,039
)
 
(8
)
 
(7,047
)
Prepaid expenses and other assets
 
270

 
(6,790
)
 
(6,520
)
Accounts payable - trade
 
(663
)
 
(272
)
 
(935
)
Accrued liabilities
 
(2,943
)
 
489

 
(2,454
)
Net cash provided by operating activities
 
68,961

 
—

 
68,961